On January 2, 2020, Nelson Construction issued 3,500 of $1,000 par value bonds with a stated rate
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What is the issue price if the bonds are sold to yield 6%?
Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...
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PV of interest payments 3500000 008 612 PV of ...View the full answer
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